Kandi’s second half 2010 top line should double, bottom line should quintuple.

The company is significantly undervalued.

They have been continuously profitable and trading under replacement value.

The stock is trading at 50% off its high year to date.

I have closely followed KNDI and have been a shareholder since the day it started trading in the US in mid 2007. This is a company led and controlled by a very conservative non-English speaking, well connected, very wealthy, CEO who even to this day still personally guarantees the majority of its debt. Not because he has to as I will discuss later on in the Asset part of this tome, but because it keeps the cost of money down. (Know of any other NASDAQ CEO’s who only hold 60% of the current 21 million shares and is paid an annual salary of $24,000 a year that has that much confidence in his company? I don’t.) When I say conservative, I am speaking of a man who flies coach, hates to announce anything until it is done and almost always surprises on the upside.

While I have met the CEO once, and spoken to him through a translator a total of three times, I neither claim, nor do I care to have, any special access to information other than what is published both in the US and in the PRC. The latter, thanks to the Internet and Google Translator, I must add is a treasure trove of Company information that we don’t see published in the United States.

Intrigued? The rest of this series will be published over the next few days.

DISCLOSURE: Long KNDI

Arthur Porcari is a retired former regional stock brokerage firm President with 37 years stock market experience. His finance background includes, three years a stockbroker, ten years a brokerage firm President, an OTC Market Maker, twenty three years an Investment Banker to include 14 years as Managing Consultant to Corporate Strategies, Inc. a firm specializing in advising young public companies and companies about to go public on the “Ways of Wall Street”. He currently blogs on Seeking Alpha under “Corstrat” and has in the past been an on-air guest as well has a guest host on Business Talk Radio Network His passion and particular expertise is for small cap emerging growth companies.

He currently is and has been a shareholder of Kandi Technologies since it was first listed for trading in the US.